From article, (Toshiba recently unveiled a li-ion battery which they claim charges fully in just six minutes, delivering a 200-mile range on a full charge.
This is a big leap from Tesla’s current configuration which takes up to an hour to charge fully.
Toshiba’s next generation SCiB lithium ion battery replaces the conventional lithium titanium oxide anode with a titanium niobium oxide anode. The new battery maintains the longevity of the previous older configuration, promising a life cycle of 14 years, assuming a full charge and discharge cycle per day.
The new technology will be feeding an already accelerating EV market that is led by Tesla and a host of European and Asian carmakers.
Tesla has taken the EV industry by the scruff of its neck, multiplying not only car production, but also interest in EVs, a wave that other electric car manufacturers have been keen to ride. In the next few years it is expected that Tesla will have put over a million EVs on the road, while European giants Volvo and Volkswagen have made commitments to turn to electric vehicles as their main products in the near future.
In China, the world’s largest car market, the EV revolution has well and truly hit top gear, with nearly 500,000 EVs being sold last year alone.
Governments around the world have also been pushing for the EV revolution, with bans on petroleum and diesel cars coming into effect as part of the Paris Climate Agreement to cut emissions.
According to Global X research, global revenue from lithium-ion battery sales is anticipated to post a compound annual growth rate of 43.1% in reaching a projected $36.5 billion by 2020.)
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